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OF THE UNITED KINGDOM OF
GREAT BRITAIN AND IRELAND:
PASSED IN THE
FORTY-EIGHTH AND FORTY-NINTH YEARS
OF THE REIGN OF HER MAJESTY
At the Parliament begun and holden at Westminster, the 29th Day of
April, Anno Domini 1880, in the Forty-third Year of the Reign of
Kingdom of Great Britain and Ireland Queen, Defender of the Faith:
MENT of the United Kingdom of GREAT BRITAIN and IRELAND.
PRINTERS TO THE QUEEN'S MOST EXCELLENT MAJESTY.
AT No. 5, QUALITY COURT, CHANCERY LANE, LONDON.
1. Short title. 2. Grant of additional duties of income tax. 3. Provisions for securing additional duties on dividends, &c., and as to right of deduction. 4. Application of existing enactments to additional duty.
An Act to grant to Her Majesty
grant to Her Majesty described as chargeable in the Act of the additional Rates of Income Tax.
sixteenth and seventeenth
years of Her Majesty's reign, chapter thirty-four, the (1st December 1884.) following duties of income tax (that is to
say):Most Gracious Sovereign,
For every twenty shillings of the annual We, Your Majesty's dutiful and loyal value or amount of property, profits, and subjects the Commons of the United Kingdom gains chargeable under Schedules (A.), of Great Britain and Ireland in Parliament (C.), (D.), or (E.) of the last-mentioned assembled, towards raising the necessary Act the duty of one penny; and for every supplies to defray Your Majesty's public twenty shillings of the annual value of expenses and making an addition to the public
the occupation of lands, tenements, hererevenue, have freely and voluntarily resolved
ditaments, and heritages chargeable under to give and grant unto Your Majesty the Schedule (B.) of the last-mentioned Act several rates and duties herein-after men- the duty of one halfpenny. tioned ; and do therefore most humbly beseech Your Majesty that it may be enacted, and 3. (1.) In the case of dividends, interest, or be it enacted by the Queen's most Excellent other annual profits or gains due or payable Majesty, by and with the advice and consent of half-yearly or quarterly in the course of the the Lords Spiritual and Temporal, and Com- said year which commenced on the sixth day mons, in this present Parliament assembled,
of April one thousand eight hundred and and by the authority of the same, as follows: eighty-four, the following provisions shall have
effect:1. This Act may be cited as the Additional (a.) Where one of the half-yearly payments Income Tax Act, 1884.
or two of the quarterly payments shall
have been made prior to the passing of 2. In addition to the duties of income tax this Act, the other half-yearly payment granted by the Customs and Inland Revenue or quarterly payments shall be charged Act, 1884, there shall be charged, collected, with the additional duty of two pence for and paid for the year which commenced on every twenty shillings of the amount the sixth day of April one thousand eight thereof: hundred and eighty-four in respect of all (6.) Where three of the quarterly payments property, profits, and gains mentioned or shall have been made prior to the passing
Vol. LXIV. -LAW JOUR. Stat.